Yanacocha, Peru– NSR Royalty Project
Newmont Solitario owns a net smelter return royalty ("NSR-Royalty") on approximately 61,000 hectares (150,000 acres) of mineral rights in northern Peru situated immediately north of Newmont-Buenaventura's Minera Yanacocha gold mine, South America's largest gold mine. The NSR-Royalty is indexed to the gold price and processing method that is utilized to produce gold and various other metals. For heap leach ores, at today's prices (+$500/oz. gold), the NSR-Royalty for gold is 2.75%. For ores that are milled, in a non-flotation mill at today’s gold price, the NSR-royalty for gold would be 2.0%. In 2006, Newmont continued its extensive surface exploration work on the northern part of the property with a commitment to spend an additional $1.0 million on our royalty property between January 2007 and December 2008.

This web site also contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.